2016 MKD to BIF Historical Review

YEARLY HIGH

30.8964 BIF

YEARLY LOW

27.1986 BIF

YEARLY AVERAGE

29.0559 BIF

2016 MKD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 30.8964. Conversely, the yearly low was recorded on January 24, dropping to 27.1986.

This high-to-low spread represents a total annual volatility of 3.6979 BIF. From a start-to-finish perspective, comparing the January average rate of 27.5569 to the December average rate of 28.6982, the exchange rate registered a net change of 4.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 30.8964 was down 0.71% compared to the 2015 peak of 31.1177, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MKD based on timing:

Yearly Peak High 154,482 BIF

2015 Average 141,377 BIF

Yearly Trough Low 135,993 BIF

Transaction Impact: A difference of 18,489.31 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

30.5720

27.2828

JanuMarcMayJulySeptNove

MKD to BIF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 28.3895, compared to 29.7224 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3329 points.

H1 Avg (Jan–Jun) 28.3895

H2 Avg (Jul–Dec) 29.7224

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 2.7474 BIF (High: 30.8964 / Low: 28.1490). On the other end, September was the most stable month, with a tight range of 0.3313 BIF (High: 30.3992 / Low: 30.0678).

June Spread (Volatile) ±2.7474

September Spread (Stable) ±0.3313

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6465 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.6465

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 29.3157) against the same month in 2015 (average: 28.5250), the exchange rate shifted by +0.7907 (+2.77%).

2016 Avg (June) 29.3157

2015 Avg (June) 28.5250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.7513	27.1986	27.5569
February	28.5069	27.6266	28.1291
March	28.8492	27.7068	28.2221
April	28.7947	28.2479	28.5472
May	29.0461	28.0928	28.5659
June	30.8964	28.1490	29.3157
July	30.1404	29.5669	29.8286
August	30.6705	29.8564	30.2551
September	30.3992	30.0678	30.2979
October	30.4490	29.5243	29.9098
November	30.2564	28.7258	29.3447
December	29.3471	28.1784	28.6982